Compliance

Standard & Poor's will be suspended for a year from rating bonds in one of its most lucrative businesses in a $60 million settlement with the U.S. Securities and Exchange Commission.

Altisource Portfolio Solutions promoted John Vella to the new position of chief revenue officer in a bid to grow beyond its relationship with embattled former parent Ocwen Financial.

The Ocwen spinoff Altisource Portfolio Services delivered notices to more than 800 employees and hundreds of contractors this week as part of the company's scramble to reassure investors.

Sen. Johnson points out that a drafting error in the Dodd-Frank Act led to the current interpretation, which includes mortgage brokerage compensation in the 3% points and fees test.

United Shore, a lender based in Troy, Mich., has added a new position to its management team, consumer advocate.

The American Land Title Association released a statement pushing back against a new Consumer Financial Protection Bureau initiative.

The U.S. Supreme Court gave homeowners more ability to cancel their mortgages if lenders don't provide the required disclosures, in a setback for the banking industry.

Lenders should ensure they are not paying for referrals prohibited by the Real Estate Settlement Procedures Act when they purchase these from another company. Here's one way they can.

The Senate approved legislation to reauthorize the Terrorism Risk Insurance Act, sending it to President Obama's desk after a months-long battle.

Housing and Urban Development Secretary Julian Castro moved swiftly on Thursday to defend pending cuts to the Federal Housing Administration's premiums, rebutting GOP arguments they are premature.

President Obama is expected to announce a half-percentage-point reduction in the Federal Housing Administration's annual premium during a housing policy speech Thursday in Phoenix.

With Republicans now controlling both chambers of Congress and signals from Democrats that they are open to alterations, revisions to Dodd-Frank are at the top of the agenda in addition to other subjects, like terrorism insurance and housing finance reform.

With 2015 in full swing, National Mortgage News is taking a look at the biggest trends and topics that will shape 2015.

Mortgage lenders are hoping the new Republican-controlled Congress will be more receptive to making changes to the "qualified mortgage" rule.

As a result of certain court decisions, government agencies like the Federal Housing Administration have even more latitude in pursuing these claims against lenders.

The CFPB’s rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena.

Golden First Mortgage Corp. agreed to a $36 million settlement of claims that the company — which allegedly saw 60% of its government underwritten loans go into default since 2002 — defrauded a federal mortgage program.

Take a look back at National Mortgage News' top stories of 2014.

Bank servicers have a compliance dilemma: they need to quickly shed mortgage-servicing rights ahead of Basel III at a time when regulators are keeping a close watch on the manner in which transfers are handled.

The Justice Department is aiming to settle a probe into Morgan Stanley's subprime mortgage business by early 2015.